Discounted Cash Flow (DCF) Analysis Levered
Qualtrics International Inc. (XM)
$15.43
+0.53 (+3.56%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 289.90 | 401.91 | 591.16 | 763.52 | 1,075.66 | 1,494.53 | 2,076.51 | 2,885.12 | 4,008.59 | 5,569.56 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 39.62 | 36.40 | -370.90 | -410.72 | 2.80 | -279.63 | -388.52 | -539.81 | -750.02 | -1,042.08 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -18.27 | -22.82 | -33.18 | -89.52 | -103.82 | -116.48 | -161.84 | -224.87 | -312.43 | -434.09 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 21.35 | 13.58 | -404.08 | -500.24 | -101.02 | -396.12 | -550.36 | -764.68 | -1,062.45 | -1,476.17 |
Weighted Average Cost Of Capital
| Share price | $ 15.43 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 503.38 |
| Cost of Debt | |
| Tax Rate | -1.14 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 3.518 |
| Total Debt | 282.20 |
| Total Equity | 7,767.23 |
| Total Capital | 8,049.43 |
| Debt Weighting | 3.51 |
| Equity Weighting | 96.49 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 289.90 | 401.91 | 591.16 | 763.52 | 1,075.66 | 1,494.53 | 2,076.51 | 2,885.12 | 4,008.59 | 5,569.56 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 39.62 | 36.40 | -370.90 | -410.72 | 2.80 | -279.63 | -388.52 | -539.81 | -750.02 | -1,042.08 |
| Capital Expenditure | -18.27 | -22.82 | -33.18 | -89.52 | -103.82 | -116.48 | -161.84 | -224.87 | -312.43 | -434.09 |
| Free Cash Flow | 21.35 | 13.58 | -404.08 | -500.24 | -101.02 | -396.12 | -550.36 | -764.68 | -1,062.45 | -1,476.17 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | -1,505.70 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -732.31 |
| Equity Value | - |
| Shares Outstanding | 503.38 |
| Equity Value Per Share | - |